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Moving forward, technology appears to be in place that will allow for virtual assessment centers.
Earned Income Tax Credit
A provision of the tax code that provides a credit or rebate to people with low earnings (income from work activities). The credit is eventually phased out if the recipient’s earnings increase.
Tax Credit
A tax incentive that allows taxpayers to subtract the amount of the credit from the total they owe to the government.
Government Cost
The financial expenses incurred by government entities in the execution of public functions and services.
Taxes Collected
The total amount of monetary charges imposed by governments on individuals, corporations, and transactions.
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